Hyperliquid HYPE token is once again drawing attention as buybacks and technical signals line up for a potential breakout. Fresh momentum comes after the platform redirected more than $6 million in daily fees towards repurchases.

Buyback Program Keeps Adding Extra Support

Hyperliquid just executed a notable buyback, with $6.37 million in fees generated within 24 hours and redirected to purchase HYPE. This figure highlights the scale of activity running through the platform, with over 140,000 tokens absorbed in a single day, reflecting more than a 21% surge in buyback volume. Such consistent demand mechanics naturally create a supportive backdrop for price stability while reinforcing confidence among long-term holders.

Hyperliquid absorbs over 140,000 HYPE in a single day as buyback volume surges 21%, reinforcing long-term holder confidence. Source: HyperliquidNews via X

What stands out is that buybacks like this aren’t just one-off events but a recurring mechanism tied directly to platform usage. The more traders and liquidity flow into Hyperliquid, the greater the fee pool available for buybacks, an organic feedback loop that benefits HYPE.

Steady Flows Keep Bulls in Control

Following the ongoing buy-backs, analyst HYPEconomist highlights that at the current pace, roughly $5.95M absorbed daily at a HYPE price of $44.4, it would take only 3.72 years for the assistance fund to buy back the entire “ready-for-sale” supply.

At the current buyback pace, Hyperliquid could absorb its entire ready-for-sale supply in just 3.72 years. Source: HYPEconomist via X

This visualization puts into perspective how strong the platform’s fee-driven model is in consistently reducing circulating supply.

What makes this even more compelling is that the calculation directly ties demand to platform usage. As trading volumes rise, the buyback rate naturally accelerates, shortening the timeline and tightening available supply.

Technical Bounce From Mid-Range

HYPE has once again respected its technical levels, with price bouncing directly off the 0.5 Fibonacci retracement zone. Analyst Greeny notes that this reaction is significant, as the mid-range level often acts as a decisive pivot for continuation. The current structure shows HYPE consolidating between $40 and $48, with repeated tests of resistance at the upper band keeping traders’ focus on a potential breakout.

HYPE rebounds off the 0.5 Fibonacci retracement, with consolidation between $40–$48 keeping focus on a potential breakout towards $52–$55. Source: Greeny via X

What stands out is how cleanly the price is respecting these levels, the support remains intact, and a bounce off the retracement adds further strength to the bullish case. As long as HYPE maintains support above the $40 to $41 zone, the structure points toward a gradual push to retest $48. A confirmed breakout there would not only invalidate the short-term ceiling but also reopen paths towards $52 and $55.

Hyperliquid Price Prediction

HYPE’s latest structure is showing signs of strength, with Jesse Peralta highlighting an AB=CD harmonic pattern that points towards a $54 target. The setup builds on a clean retracement from the $38 to $39 zone, followed by a sharp recovery that has aligned with the C-D leg of the pattern.

HYPE’s AB=CD harmonic setup signals a bullish path, with a breakout above $48 opening targets at $52–$54. Source: Jesse Peralta via X

The critical level now rests around $48, where previous highs acted as a ceiling. A decisive breakout above this zone would validate the AB=CD projection and open the door for a push toward $52 to $54. On the downside, failure to sustain above $42 would weaken the structure and risk another pullback into the mid-$30s. For now, the balance leans bullish, with the harmonic setup reinforcing the case for a potential new all-time high in the coming sessions.

Final Thoughts

Solana’s HYPE token is shaping up with a strong technical base, and the chart continues to lean bullish. Key levels and signals worth watching include:

Support: $40 to $41 zone remains the critical floor, with repeated bounces confirming strong buyer defense.

Resistance: $48 is the immediate ceiling; a decisive breakout here validates the AB=CD harmonic pattern.

As long as HYPE sustains higher lows above support, the bias stays constructive. A clean move through $48 could be the technical trigger that opens the door for a new all-time high.

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Filed under: Bitcoin - @ August 23, 2025 8:14 pm